Valley Ridge
Multifamily property in Rossville, GA · sponsored by Capital Square
Valley Ridge was a DST sponsored by Capital Square that owned a multifamily property in Rossville, GA (129 units). Its last Form D was filed Oct 1, 2024.
How it ended
No outcome recorded · under 7 years
The record lists the offering as fully subscribed; the last Form D was filed Oct 1, 2024.
Key facts
- Minimum investment
- $50,000From the Form D
- Offering size
- $20,250,000Equity offered, per the Form D
- Sold
- Not reported after the first Form D (Oct 1, 2024)Form D, Oct 1, 2024
- Selling commissions
- Form D Item 15; the % is our arithmetic$1,701,000 · 8.4% of offering
- Financing
- Leveraged. This offering reports mortgage debt on the property.How it is financed ↓
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
Figures come from SEC Form D filings unless a source is cited. Sponsor-stated figures are as reported by the sponsor; Top1031 does not independently audit them. On a 45-day clock? Find day 45 and day 180 →
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Ask a 1031 specialist about this recordFree. About: Valley Ridge. Top1031 is not a broker-dealer.Valley Ridge · Rossville, GA · Photo: capitalsq.com
What did Valley Ridge own?
The community sits at 10 Draught St. in Rossville, Georgia, just across the state line from Chattanooga, Tennessee. 3 Homebuilder D.R. Horton developed it and finished construction in 2023; Capital Square acquired it on the Trust's behalf in October 2024. 3 Capital Square reported 90% physical occupancy as of September 2024, with onsite professional management and 24-hour emergency maintenance. 3
- Reported location
- Rossville, GA
- Property size
- 129 units (build-for-rent / single-family rental community; mix of 3-, 4-, and 5-bedroom homes)
How was it financed, and what did it cost to sell?
Neither the Form D nor the sponsor materials reviewed state whether the Trust carries mortgage debt or, if so, on what terms. Those details, along with the lender's identity, would appear in the offering documents.
Debt
- Financing
- Leveraged. This offering reports mortgage debt on the property.
Costs and terms from the Form D
- Selling commissions
- $1,701,000 · 8.4% of offering
- Finders’ fees
- $0
- Paid to officers, directors and promoters
- $10,460,740 · 51.6% of offeringForm D Item 16
- Broker-dealers named in the Form D
- 1 named in the Form D
Show the firms
- Wealthforge Securities, LLC · CRD 152550
Individual representatives named in Item 12 are not listed.
- Date of first sale
- Not in the Form D
- Minimum investment
- $50,000
Form D Item 15 and Item 16 amounts may be the issuer’s estimates; each percentage is Top1031’s arithmetic on two Form D figures. Item 16 can overlap Item 15, so Top1031 does not add them together. The issuer marked these amounts as an estimate.
Who's behind Valley Ridge?
The sponsor is Capital Square Realty Advisors, LLC, which assembles real estate into DSTs sold to accredited investors — buyers who meet SEC income or net-worth tests. It bought Valley Ridge for this Trust in October 2024 and raised the equity through a Regulation D private placement. 3 On December 18, 2024, the firm announced the offering had been fully subscribed, describing the pace as a record for its DST program. 2
- Sponsor
- Offerings on record
What does the SEC record show?
A Form D — the short notice an issuer files with the SEC when it sells securities without registering them — opened this Trust's public record, and no amendments have followed. It was offered under the exemption that lets a sponsor market publicly so long as it verifies that every buyer is accredited.
- Legal Trust name
- CS1031 Valley Ridge BFR Housing, DST
- SEC CIK
- 2039618
- First Form D
- Oct 1, 2024
- Latest Form D
- Oct 1, 2024
- Filings on record
- 1
- Offered under
- Rule 506(c)May be advertised publicly. Every buyer’s accredited status must be verified.
- Source filing
SEC Form D filings, newest first
| Filed | Form | Offering amount | Amount sold | Filing on SEC EDGAR |
|---|---|---|---|---|
| Form D | $20,250,000 | $0 | EDGAR |
Amounts, investor counts and minimums are as filed with the SEC on Form D. The change lines are Top1031’s arithmetic between consecutive filings; a new Form D notice starts a new count.
A Form D is the notice a sponsor files when it starts raising money. A Form D filing does not mean the SEC approved, endorsed, or verified the offering.
Common questions
- What happened to Valley Ridge?
- Valley Ridge is a Historical offering. The record lists the offering as fully subscribed; the last Form D was filed Oct 1, 2024.
- Where exactly is the property?
- Valley Ridge is at 10 Draught St. in Rossville, Georgia, immediately south of the Tennessee border and within the Chattanooga metropolitan statistical area. It is a build-for-rent community — detached rental homes built as a single professionally managed rental property rather than sold off individually — developed by D.R. Horton and completed in 2023.
- What was the minimum investment?
- The Form D filed October 1, 2024 reported a $50,000 minimum outside investment for the offering, consistent with Capital Square's own description of the private placement. Sponsors sometimes apply different minimums to 1031 exchange investors versus cash investors; the offering documents control.
- Does this Trust plan a 721/UPREIT exit?
- Nothing in the filings or sponsor materials reviewed indicates a planned 721 exchange — the structure in which a DST's property is contributed to a real estate investment trust in return for operating partnership units instead of being sold for cash. The record shows an ordinary property-level hold with no REIT conversion described.
- Has the Trust sold the property or reported a final result?
- No outcome has been reported. As of the most recent review on September 4, 2026, Valley Ridge was described as still operating, with no full-cycle disposition, refinancing, or distress event identified in public records.
- Who operates the homes day to day?
- Capital Square described the community as having onsite professional management and 24-hour emergency maintenance at acquisition. Under the DST structure, investors hold passive beneficial interests: a master tenant leases the property and handles leasing, collections, and upkeep, so investors make no operating decisions.
In the news
Sources
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DST interests are illiquid private securities. You may lose some or all of your investment. Distributions, tax treatment, and exit timing are not guaranteed. Review the current offering documents before investing.